40 Park St

Baths
3,482 Sq. Ft.
$273 / Sq. Ft.
3,482
Sq. Ft.
$273
per Sq. Ft.

Description

Package includes {1) brand new upscale duplex (2) remodeled single family home and (3) a multi Family building lot..quartz kitchen counters...high ceilings...walking distance to downtown Reno and Midtown...close proximity to Reno Aces Ballpark and breweries and restaurants...market rents in place per signed leases through Oct. 2019...house rent is $1650...each duplex unit rents for $1890 per month...near 8 cap rate...possible SELLER FINANCING, Showings contingent on accepted offer... Drive by only......Package includes {1) brand new upscale duplex (2) remodeled single family home and (3) a multi Family building lot..quartz kitchen counters...high ceilings...walking distance to downtown Reno and Midtown...close proximity to Reno Aces Ballpark and breweries and restaurants...market rents in place per signed leases through Oct. 2019...house rent is $1650...each duplex unit rents for $1890 per month...near 8 cap rate...possible SELLER FINANCING, Showings contingent on accepted offer... Drive by only... Fully occupied... Please do not disturb tenants...the house is 1050 square feet 2 bedroom one bath...each duplex side is 1216 SF......each duplex unit has 2 bedrooms 1.5 baths...adjacent lot has construction of 9 unit mixed use building under way on same block...
  1. Listed by Vic McDonald • Collins & Associates
    P: (775)-315-0592 esquiar00@aol.com

Property Details for 40 Park Street

Zoning
MUDR
LISTING CLOSED: 01/06/2020 12:00 AM

Property Details for 40 Park Street

StatusClosed
MLS #180017059
Days on Compass419
Taxes$3,359 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built2018
Lot Size0.16 AC / 6,969 SF
CountyWashoe County

Location

Listing Courtesy of Collins & Associates, Vic McDonald, License #S.168041

Sold By RE/MAX Gold, Raymond Solorzano, License #S.63066

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Building Information for 40 Park Street

Stories2Residences3Year Built2018Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$5,109 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,829

Property Taxes

$280

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Park Street

Summary
Location and General Information
  • Directions: Second Street and Park Street
  • Address:Parcel Number: 01201211
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $3,359
  • Tax Legal:Tax Annual Amount: $3,359
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Additional Parcels Description: 2 SFR on 1 APN
  • Tax Legal:Zoning: MUDR
  • Tax Legal:Directions: Second Street and Park Street
  • AssociationCommunity:Number Of Buildings: 2.0
Parking
  • Attached Garage YN: No
  • Parking Features: Assigned
  • Parking Total: 8.0
  • Parking Information:Parking Total: 8.0
  • Parking Features:Assigned: Yes
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 3482.0
  • Lot:Lot Size Acres: 0.16
  • Lot:Lot Size Square Feet: 6969.6
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 01201211
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 2018
  • Property Sub Type: Duplex
  • Number Of Buildings: 2
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Gas: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Separate Water Heaters YN: Yes
  • Meter Information:One Primary Electric Meter YN: No
  • Meter Information:One Primary Gas Meter YN: No
  • Meter Information:One Primary Water Meter YN: No
Interior and Exterior Features
Exterior Features
  • Stories: 2
  • Construction Materials: Frame, Stucco, Wood Siding
  • Fencing: Partial
  • Foundation Details: Slab, Stone
  • Roof: Composition, Shingle
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Double Pane Windows, Drapes, Vinyl Frames
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 2.0
  • Construction Materials:Frame: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Wood Siding: Yes
  • Fencing:Partial: Yes
  • Foundation Details:Slab: Yes
  • Foundation Details:Stone: Yes
  • Roof:Composition: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:Drip System: Yes
  • Window Features:Blinds: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Drapes: Yes
  • Window Features:Vinyl Frames: Yes
Interior Features
  • Cooling: Central Air, Refrigerated
  • Cooling YN: Yes
  • Flooring: Carpet, Wood
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Laundry Features: In Unit
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Dishwasher, Gas Range, Refrigerator
  • Interior:Building Area Total: 3482.0
  • Interior:Building Area Source: Owner
  • Cooling:Central Air: Yes
  • Cooling:Refrigerated: Yes
  • Flooring:Carpet: Yes
  • Flooring:Wood: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:In Unit: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $6,216
  • Gross Scheduled Income: $65,160
  • Net Operating Income: $58,944
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Income & Expenses: Pro Forma
  • Income and Expenses:Gross Scheduled Income: $65,160
  • Income and Expenses:Net Operating Income: $58,944
  • Income and Expenses:Total Annual Expenses: $6,216
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Number Of Units Total: 3
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Tenant Pays:All Utilities: Yes

Property History for 40 Park Street

DateEvent & SourcePriceAppreciation
Jan 6, 2020

Sold

NNRMLS #180017059

$950,000
Dec 30, 2019

Sold (Public Record)

Public Record #660365613

$950,000

+52.1% / yr

Nov 19, 2019

Pending

NNRMLS #180017059

DateEvent & SourcePrice
01/06/2020

Sold

NNRMLS #180017059

$950,000
12/30/2019

Sold (Public Record)

Public Record #660365613

$950,000

+52.1% / yr

11/19/2019

Pending

NNRMLS #180017059

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Park Street

Taxable ValueLand$59,500Additions$106,591Total$166,091
Tax Record2025$5,048 ($421 / month)
Home Facts
Baths4Total Finished SqFt1,068 SqFtAbove Grade Finished SqFt1,068 SqFtStories1Lot Size7,000 SqFtStyleDuplexYear Built1902ZoningMD-RDCountyWASHOEAPN012-012-11

Schools near 40 Park Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Libby C Booth Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Marvin Picollo School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Collins & Associates, Vic McDonald, License #S.168041

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.